Lipinski John 4

What Happened
John Lipinski, VP and GM Fuel Systems Europe at Phinia (PHIN), had 1,576 shares disposed on 2026-02-27 as shares were automatically withheld to satisfy tax withholding upon the vesting of restricted stock. The shares were valued at $72.63 each, for a total of about $114,465. This was a mandatory tax-withholding disposal (routine), not an open-market sale.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-03 (filed within the typical two-business-day Form 4 window).
• Disposal type: F — shares withheld to satisfy tax withholding on vesting.
• Shares withheld/disposed: 1,576 at $72.63 per share; total value ≈ $114,465.
• Holdings note: Filing footnote states it “Includes 8,696 shares of restricted stock” (these restricted shares are part of reported holdings).
• No 10b5-1 plan, gift, or open-market sale indicated in this transaction.

Context
This was a mandatory, non-voluntary withholding of shares to cover taxes when restricted stock vested (cashless/tax-withholding treatment). Such F-code transactions are routine and generally do not signal an insider decision to sell stock for investment reasons.